SE Asia Stocks-Mostly down; awaits signals from US jobs data

viernes 7 de noviembre de 2014 06:17 GYT

JAKARTA, Nov 7 (Reuters) - Most Southeast Asian markets
closed lower on Friday, with Jakarta leading the fall, as
investors cautiously waited for nonfarm payrolls data from the
U.S due later in the day. 
    Indonesian stocks posted the biggest decline in the
region with a 0.9 percent fall, concluding the week with a 2
percent drop and its first week in the red in more than a month.
    "If the payroll data tonight shows significant improvement,
investors are concerned that the Fed may raise rates earlier
than expected," said Andri Zakarias, an analyst with BNI
Securities in Jakarta.
    The number of people filing claims for unemployment benefits
in the U.S. fell more than expected last week, data showed on
Thursday. The government is expected to report Friday that
nonfarm payrolls advanced 231,000 last month after rising
248,000 in September, according to a Reuters survey of
    Adding to the pressure in Jakarta was disappointing GDP data
and delay in the announcement of a fuel price increase.
    "The recent GDP data was bad while the uncertainty in the
fuel price hike remains, which led to a correction in the
index," Zakarias said.    
    The Philippines stock index fell 0.4 percent with
Bloomberry Resorts Corp, a Philippine gaming company
dropping 7.7 percent. Brokerage Maybank KimEng downgraded the
stock to 'hold' on Friday and cut the company's 2014 and 2015
net profit estimates by about 17 percent.
    Thailand fell 0.2 percent with a focus on stocks
that have been added or deleted from MSCI's indexes, said
Phillip Securities in a note on Friday.
    Thailand's Delta Electronics Capital PCl, an
electronics manufacturer and distributor, jumped 14 percent
after the stock was added to the MSCI Global Standard index,
while hotel operator Central Plaza Hotel PCl fell
2.1 percent after it was removed from the MSCI Global Small Cap
    Bucking the trend, Vietnam index rose 0.8 percent on
the day.
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3286.39       3290.96       -0.14
 Kuala Lumpur       1824.19       1831.98       -0.43
 Bangkok            1578.37       1580.77       -0.15
 Jakarta            4987.42       5034.23       -0.93
 Manila             7205.72       7236.63       -0.43
 Ho Chi Minh         602.59        597.85       +0.79
 Change on year
 Market             Current       End 2013    Pct Move
 Singapore          3286.39       3167.43       +3.76
 Kuala Lumpur       1824.19       1866.96       -2.29
 Bangkok            1578.37       1298.71       +21.5
 Jakarta            4987.42       4274.18       +16.7
 Manila             7205.72       5889.83       +22.3
 Ho Chi Minh         602.59        504.63       +19.4

 (Reporting by Fransiska Nangoy; Editing by Biju Dwarakanath)